|Bid||28.02 x 800|
|Ask||27.97 x 1200|
|Day's Range||27.76 - 28.16|
|52 Week Range||20.10 - 38.95|
|Beta (5Y Monthly)||1.58|
|PE Ratio (TTM)||N/A|
|Earnings Date||Sep 07, 2020 - Sep 11, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|Ex-Dividend Date||Jun 10, 2008|
|1y Target Est||29.20|
UK Ambassador meets Trip.com Group CEO Trip.com Group CEO Jane Sun (left) meets with British Ambassador to China Dame Barbara Woodward (right) at Trip.com Group headquarters. Italian Ambassador meets Trip.com Group CEO Trip.com Group CEO Jane Sun (right) meets with Italian Ambassador Luca Ferrari (left) at Trip.com Group headquarters.SINGAPORE, July 30, 2020 (GLOBE NEWSWIRE) -- Leading international travel services provider Trip.com Group has observed indications that the travel industry is well on the way to recovery. With the pandemic being gradually brought under control in the Asia-Pacific region, the international travel services provider has observed encouraging signs of recovery for domestic and regional travel. In a number of countries in the region, accommodation reservations have virtually recovered to pre-pandemic volumes, while flight bookings continue to pick up steadily.Innovation, assurance and responsibility have been at the core of the company’s COVID-19 response and recovery plan, says Trip.com Group CEO Jane Sun. “The changes in the international landscape demand innovation, industry unity and a customer-centric approach,” said Sun.A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/01dc4a2b-366e-4be2-90eb-44ba5e26677fFollowing the launch of its “Travel On” initiative in June, the company introduced a range of measures and innovations to revitalize travel, including the all-new “Trip.com LIVE” series of in-destination livestreams. Engaging audiences in various locales weekly, the campaign offering users significant discounts on flexible advance booking vouchers for premium accommodation has enjoyed widespread success.To date, the series has broadcasted to local audiences of tens of thousands in Japan, Korea, Thailand and Singapore, achieving total sales of around USD 3 million. Each hour-long session generated over USD 100,000 in sales, while one session in Japan alone saw over USD 600,000 worth of reservations made.“Conceived at the height of the pandemic, when travellers were locked up in their own homes, as a way to experience the destinations they love and start thinking about their next trips, Trip.com LIVE has evolved from a regional experiment into an international success, and although international travel is off the cards in the immediate future, we believe that as it becomes safe and practical to travel again, innovations like this create exciting opportunities for the future of travel,” said Sun.With short-distance travel in the Asia-Pacific showing indications of recovery, destinations and governments across the world are making moves towards opening up travel in stages, starting with domestic tourism. Recently, governments of the United Kingdom and Italy have expressed interest in working more closely with Trip.com Group to revitalize travel.A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/809e64a6-839e-45cf-8bbb-cb8cba6fd930In a recent meeting, Italian Ambassador to China Luca Ferrari highlighted the importance of the country’s partnership with Trip.com Group in opening up international travel. “We’re already working to revive the flow of international tourism to Italy,” said Ferrari. “Although the Italy-China Year of Culture and Tourism has been postponed until 2022 due to the pandemic, we intend to maintain our position as the top European destination for Chinese tourists through our collaboration with Trip.com Group.”Earlier this week, British Ambassador to China Dame Barbara Woodward met with Trip.com Group CEO Jane Sun to further discussions of a collaboration to revitalize international tourism. “Despite the setbacks of the pandemic, we’ve seen an increase in business exchanges between our countries. With the help of Trip.com Group, we anticipate a strong recovery for travel, and welcome visitors from across the globe.”As the pandemic comes under control and cross-border travel becomes safe and practical again, Trip.com Group anticipates that these trends will continue, and looks forward to a strong recovery for the international travel industry.About Trip.com Group: Trip.com Group is a leading one-stop travel service provider comprising of Trip.com, Ctrip, Skyscanner, and Qunar. Across its platforms, Trip.com Group enables local partners and travelers around the world to make informed and cost-effective bookings for travel products and services, through the aggregation of comprehensive travel related information and resources, and an advanced transaction platform consisting of mobile apps, Internet websites and 24/7 customer service centers. Founded in 1999 and listed on NASDAQ in 2003, Trip.com Group has become one of the best-known travel brands in the world, with the mission of 'making every trip the perfect trip'.Contact: International PR, Trip.com Group Email: firstname.lastname@example.org
(Bloomberg) -- Skyscanner Ltd., the travel-booking service owned by China’s Trip.com Group Ltd., is preparing to cut as much as a fifth of its workforce and close several offices after revenues collapsed following the Covid-19 lockdown.The company, dealing with the fallout of the global coronavirus pandemic, intends to consolidate its operations in the U.K., close its Sofia and Budapest offices and reduce its presence in Singapore and Miami, according to an internal email from Chief Executive Officer Moshe Rafiah seen by Bloomberg News.Overall, it anticipates “that of our 1,500 Skyscanner employees around 20% may leave us,” Rafiah wrote. In an emailed statement, a Skyscanner spokesperson said it plans to create 60 new jobs as part of its restructuring.Rafiah hosted a conference call with 1,200 of the company’s employees on Tuesday before sending out the message detailing the plans, said people who attended the call but asked not to be named as it wasn’t public. Skyscanner’s revenues “have been hit significantly” and the company is having to adapt to a radically different travel industry where “a full recovery to our previous scale before COVID-19 looks to be several quarters or possibly years away,” wrote the CEO.“While we’re confident of Skyscanner’s recovery in the long-term and we’re seeing early signs of growth in the sector, we now know it will take longer than originally anticipated for travel to return to normal,” said the spokesperson. The Edinburgh Evening News originally reported news of the potential job cuts.Trip.com, formerly known as Ctrip, is a dominant force in China’s domestic travel market and acquired Edinburgh-based Skyscanner in 2016 for $1.7 billion in order to boost its global ambitions. Before the coronavirus disrupted global travel, the company touted that more than 100 million people relied on its app and website to help them with their travel plans.With its main offices in the Scottish capital and London, Skyscanner will now centralize marketing operations in the U.K. and will look for a new office for its reduced Miami operations while its employees there continue working from home.(Updates with details of 60 new roles in third paragraph)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
Trip.com Group Limited (Nasdaq: TCOM) ("Trip.com Group" or the "Company"), a leading provider of online travel and related services, including accommodation reservation, transportation ticketing, packaged-tour and in-destination services, corporate travel management, and other travel-related services, today announced the pricing of US$500 million in aggregate principal amount of exchangeable senior notes due 2027 (the "Notes"). The Notes were offered in offshore transactions outside the United States to certain non-U.S. persons in compliance with Regulation S under the United States Securities Act of 1933, as amended (the "Securities Act") (the "Notes Offering"). The Notes will be exchangeable, at the option of the holders and subject to certain conditions, into cash, American depositary shares ("Huazhu ADSs") of Huazhu Group Limited (Nasdaq: HTHT) ("Huazhu"), each representing as of the date of this press release one ordinary share of Huazhu, par value $0.0001 per share, or a combination of cash and Huazhu ADSs, at the Company's election subject to certain conditions. The initial exchange rate of the Notes will be 24.7795 Huazhu ADSs per US$1,000 principal amount of Notes (which is equivalent to an initial exchange price of approximately US$40.36 per Huazhu ADS and represents an approximately 20% exchange premium over the last reported sale price of the Huazhu ADSs on The Nasdaq Global Select Market on July 13, 2020, which was US$33.63 per Huazhu ADS).